The EU's €40 billion Innovation Fund has deployed less than 1% of its budget after five years. A Startuprad.io analysis of what the European Court of Auditors' 2026 audit reveals for DACH deep tech founders, VCs, and cleantech investors — and what comes next with the €451B European Competitiveness Fund.

Climate technology has become the largest venture capital category in several European markets, driven by regulatory pressure, corporate decarbonization demand, and the aftermath of the 2022 energy crisis. Germany, Austria, and Switzerland each bring distinct capabilities — Germany with industrial-scale energy transition, Switzerland with deep-tech carbon removal, and Austria with green building and circular economy innovation. In Short Executive Summary German cleantech comp